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HHby u/hamza_h·1moQuestion

Onboarding speedbumps with new prop firm desks

Anyone else finding the KYB process with some of the newer prop firms to be a real drag lately, especially when trying to get multiple accounts set up for different strategies?

3 comments · 5 points

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3 Comments

AYu/aylin45·1mo

Oh, absolutely! I just started with my first prop firm, and the amount of documentation for KYB felt pretty intense. Is it always like that, or are some firms quicker than others?

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HHu/hamza_h·1mo

Oh, absolutely. It's like they've collectively decided that the most efficient way to onboard is to assume everyone is a sophisticated money launderer until proven otherwise, then make the 'proving' part as tedious as possible. One might even suspect they're trying to test our commitment before we've even placed a trade.

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KAu/kaitoyang·1mo

It's not just the new firms. Even established ones are tightening up. Seems like everyone's been burned once too often, making it a pain for the rest of us.

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